Meeting of the Parliament 01 October 2024
I come back to my statement. I think that, when I made the statement and talked about setting up the housing investment task force, I recognised the role of institutional investment. That work is incredibly important and will continue. Miles Briggs and I had a chat about that when we met last week. The member is also aware from the chat that we had last week that discussions are still on-going on that particular point.
I come back to the point that I made in my statement: in order to ensure that we have a system of rent control that works for a thriving rented sector in Scotland, we will introduce amendments at stage 2 of the Housing (Scotland) Bill that will clearly set out how rent increases will be capped in areas where rent controls apply. That will happen in a way that provides certainty for tenants and landlords while also encouraging investment.
I take the member’s point and we will continue to have discussions, as I promised him last week. I will also continue to have discussions with investors.
The programme for government also mentioned the investment of £100 million in homes for mid-market rent, which will bring forward £500 million in institutional investment. We have a proven record on that and will continue doing it.